10th Mar 2006 15:31
Persimmon PLC10 March 2006 Directors' Shareholdings On 9 March 2006, Persimmon plc (the "Company") was informed that on that dayPersimmon (Share Scheme Trustees) Limited had purchased 70,000 ordinary sharesin the Company at an average price of 1339.14p. The shares were purchased inrespect of conditional awards for Executive Directors under existing bonusarrangements. The Company announces that on 10 March 2006 the following awards of ordinaryshares of 10p each were made to Directors under the Long Term Incentive Plan(the "Plan"). Name Number of Shares John White 32,306Michael Farley 24,042Michael Killoran 24,042David Bryant 17,655 Under the Plan, the vesting of shares awarded is subject to performance criteriaand will not normally take place until 2009, i.e. three years after the date ofthe award. As previously approved by shareholders at the Extraordinary General Meeting on 6January 2006, the Company also announces that the following awards of ordinaryshares of 10p each were made to Directors on 10 March 2006 under the Persimmon2006 Executive Synergy Incentive Plan (the "SIPP") Name Number of Shares John White 375,000Michael Farley 200,000Michael Killoran 162,500David Bryant 37,500 Under the SIPP, the vesting of these shares is subject to performance criteria.The shares will vest in two tranches, up to 25% of an award will vest in March2009 and up to 75% of an award will vest in March 2010. As a result of the above the Directors hold awards over the following shares inrespect of the Plan and the SIPP: Name Number of Shares John White 606,295Michael Farley 373,923Michael Killoran 336,423David Bryant 172,246 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Persimmon